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[8-K] Pangaea Logistics Solutions Ltd. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Form 4 highlights for Qorvo (QRVO): On 08/05/2025 President & CEO Robert A. Bruggeworth executed a Code F transaction related to tax withholding, disposing of 14,681 common shares at $85.17. Following the transaction he directly owns 266,095 shares.

An attached note states that since the prior filing, 11,707 shares were moved from a Grantor Retained Annuity Trust (GRAT) to his direct account, an exempt internal transfer. All indirect GRAT holdings are now shown as 0. No derivative securities were reported.

In sum, the CEO’s direct stake fell net-2.9 % versus his pre-filing total, but he retains a sizeable ownership position and remains both Director and President/CEO of Qorvo.

Punti salienti del Modulo 4 per Qorvo (QRVO): L'08/05/2025 il Presidente e CEO Robert A. Bruggeworth ha effettuato una transazione di tipo Codice F relativa alla ritenuta fiscale, cedendo 14.681 azioni ordinarie a 85,17 $. Dopo la transazione detiene direttamente 266.095 azioni.

Una nota allegata specifica che dal precedente deposito, 11.707 azioni sono state trasferite da un Grantor Retained Annuity Trust (GRAT) al suo conto diretto, un trasferimento interno esente. Tutte le partecipazioni indirette nel GRAT risultano ora pari a 0. Non sono stati segnalati titoli derivati.

In sintesi, la partecipazione diretta del CEO è diminuita del 2,9% rispetto al totale precedente alla dichiarazione, ma mantiene una posizione azionaria significativa e continua a ricoprire i ruoli di Direttore e Presidente/CEO di Qorvo.

Puntos destacados del Formulario 4 para Qorvo (QRVO): El 08/05/2025 el Presidente y CEO Robert A. Bruggeworth realizó una transacción Código F relacionada con la retención de impuestos, disponiendo de 14,681 acciones comunes a $85.17. Tras la transacción, posee directamente 266,095 acciones.

Una nota adjunta indica que desde la presentación anterior, 11,707 acciones fueron transferidas de un Grantor Retained Annuity Trust (GRAT) a su cuenta directa, una transferencia interna exenta. Todas las participaciones indirectas en el GRAT ahora se muestran como 0. No se reportaron valores derivados.

En resumen, la participación directa del CEO disminuyó un 2,9 % neto respecto a su total previo a la presentación, pero mantiene una posición significativa y sigue siendo Director y Presidente/CEO de Qorvo.

Qorvo(QRVO) Form 4 주요 ë‚´ìš©: 2025ë…� 8ì›� 5ì�, 사장 ê²� CEOì� Robert A. Bruggeworthê°€ 세금 ì›ì²œì§•수와 ê´€ë ¨ëœ ì½”ë“œ F 거래ë¥� 실행하여 보통ì£� 14,681주를 주당 85.17달러ì—� 처분하였습니ë‹�. 거래 í›� 그는 ì§ì ‘ 266,095ì£�ë¥� 보유하고 있습니다.

첨부ë� 메모ì—� 따르ë©� ì´ì „ ì‹ ê³  ì´í›„ 11,707주가 Grantor Retained Annuity Trust(GRAT)ì—서 ê·¸ì˜ ì§ì ‘ 계좌ë¡� ì´ì „ë˜ì—ˆìœ¼ë©°, ì´ëŠ” ë©´ì œë� ë‚´ë¶€ ì´ì „입니ë‹�. 모든 ê°„ì ‘ GRAT 보유ëŠ� 현재 0으로 표시ë©ë‹ˆë‹�. íŒŒìƒ ì¦ê¶Œì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

요약하면, CEOì� ì§ì ‘ ì§€ë¶„ì€ ì‹ ê³  ì � ì´ì§€ë¶� 대ë¹� ìˆ� 2.9% ê°ì†Œí–ˆì§€ë§�, 여전íž� ìƒë‹¹í•� 소유 ì§€ë¶„ì„ ìœ ì§€í•˜ë©° Qorvoì� ì´ì‚¬ ë°� 사장 ê²� CEO ì§ìœ„ë¥� 유지하고 있습니다.

Points clés du Formulaire 4 pour Qorvo (QRVO) : Le 05/08/2025, le Président et PDG Robert A. Bruggeworth a réalisé une transaction de Code F liée à la retenue d'impôt, cédant 14 681 actions ordinaires au prix de 85,17 $. Suite à cette transaction, il détient directement 266 095 actions.

Une note jointe précise que depuis la déclaration précédente, 11 707 actions ont été transférées d'un Grantor Retained Annuity Trust (GRAT) à son compte direct, un transfert interne exonéré. Toutes les participations indirectes dans le GRAT sont désormais affichées à 0. Aucun titre dérivé n’a été déclaré.

En résumé, la participation directe du PDG a diminué de 2,9 % net par rapport à son total avant dépôt, mais il conserve une position importante et reste à la fois Directeur et Président/PDG de Qorvo.

Formular 4 Highlights für Qorvo (QRVO): Am 05.08.2025 führte Präsident und CEO Robert A. Bruggeworth eine Code-F-Transaktion im Zusammenhang mit der Steuerabzugsverpflichtung durch und veräußerte 14.681 Stammaktien zu 85,17 $. Nach der Transaktion besitzt er direkt 266.095 Aktien.

Eine beigefügte Anmerkung besagt, dass seit der vorherigen Meldung 11.707 Aktien von einem Grantor Retained Annuity Trust (GRAT) auf sein Direktkonto übertragen wurden, eine steuerfreie interne Übertragung. Alle indirekten GRAT-Beteiligungen werden nun mit 0 angegeben. Es wurden keine Derivate gemeldet.

Zusammenfassend sank der direkte Anteil des CEO netto um 2,9 % gegenüber dem Gesamtbestand vor der Meldung, doch er behält eine bedeutende Eigentümerposition und bleibt sowohl Direktor als auch Präsident/CEO von Qorvo.

Positive
  • CEO still holds 266,095 shares, maintaining significant insider alignment with shareholders.
  • Timely disclosure and clarity around GRAT transfer support strong governance practices.
Negative
  • 14,681 shares were disposed to satisfy tax obligations, modestly reducing insider ownership.

Insights

TL;DR: Small tax-related sale; neutral signal.

The Code F disposition indicates shares withheld to cover taxes on previously vested equity rather than an open-market sale, limiting negative interpretation. Net direct holdings of 266k shares (~$22.6 m at $85) keep management’s incentives aligned with shareholders. Because the exempt GRAT transfer merely changes ownership form, overall economic exposure is largely intact. I view the filing as neutral for valuation or sentiment.

TL;DR: Ownership restructuring, no governance red flags.

Bruggeworth’s use of a GRAT is a common estate-planning tool. Converting 11,707 shares to direct status improves reporting clarity. The tax-withholding sale is routine and disclosed within two business days, indicating compliance with Section 16. No Rule 10b5-1 plan was flagged, but the nature of the transaction does not suggest opportunistic trading. Impact on shareholder governance is minimal.

Punti salienti del Modulo 4 per Qorvo (QRVO): L'08/05/2025 il Presidente e CEO Robert A. Bruggeworth ha effettuato una transazione di tipo Codice F relativa alla ritenuta fiscale, cedendo 14.681 azioni ordinarie a 85,17 $. Dopo la transazione detiene direttamente 266.095 azioni.

Una nota allegata specifica che dal precedente deposito, 11.707 azioni sono state trasferite da un Grantor Retained Annuity Trust (GRAT) al suo conto diretto, un trasferimento interno esente. Tutte le partecipazioni indirette nel GRAT risultano ora pari a 0. Non sono stati segnalati titoli derivati.

In sintesi, la partecipazione diretta del CEO è diminuita del 2,9% rispetto al totale precedente alla dichiarazione, ma mantiene una posizione azionaria significativa e continua a ricoprire i ruoli di Direttore e Presidente/CEO di Qorvo.

Puntos destacados del Formulario 4 para Qorvo (QRVO): El 08/05/2025 el Presidente y CEO Robert A. Bruggeworth realizó una transacción Código F relacionada con la retención de impuestos, disponiendo de 14,681 acciones comunes a $85.17. Tras la transacción, posee directamente 266,095 acciones.

Una nota adjunta indica que desde la presentación anterior, 11,707 acciones fueron transferidas de un Grantor Retained Annuity Trust (GRAT) a su cuenta directa, una transferencia interna exenta. Todas las participaciones indirectas en el GRAT ahora se muestran como 0. No se reportaron valores derivados.

En resumen, la participación directa del CEO disminuyó un 2,9 % neto respecto a su total previo a la presentación, pero mantiene una posición significativa y sigue siendo Director y Presidente/CEO de Qorvo.

Qorvo(QRVO) Form 4 주요 ë‚´ìš©: 2025ë…� 8ì›� 5ì�, 사장 ê²� CEOì� Robert A. Bruggeworthê°€ 세금 ì›ì²œì§•수와 ê´€ë ¨ëœ ì½”ë“œ F 거래ë¥� 실행하여 보통ì£� 14,681주를 주당 85.17달러ì—� 처분하였습니ë‹�. 거래 í›� 그는 ì§ì ‘ 266,095ì£�ë¥� 보유하고 있습니다.

첨부ë� 메모ì—� 따르ë©� ì´ì „ ì‹ ê³  ì´í›„ 11,707주가 Grantor Retained Annuity Trust(GRAT)ì—서 ê·¸ì˜ ì§ì ‘ 계좌ë¡� ì´ì „ë˜ì—ˆìœ¼ë©°, ì´ëŠ” ë©´ì œë� ë‚´ë¶€ ì´ì „입니ë‹�. 모든 ê°„ì ‘ GRAT 보유ëŠ� 현재 0으로 표시ë©ë‹ˆë‹�. íŒŒìƒ ì¦ê¶Œì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

요약하면, CEOì� ì§ì ‘ ì§€ë¶„ì€ ì‹ ê³  ì � ì´ì§€ë¶� 대ë¹� ìˆ� 2.9% ê°ì†Œí–ˆì§€ë§�, 여전íž� ìƒë‹¹í•� 소유 ì§€ë¶„ì„ ìœ ì§€í•˜ë©° Qorvoì� ì´ì‚¬ ë°� 사장 ê²� CEO ì§ìœ„ë¥� 유지하고 있습니다.

Points clés du Formulaire 4 pour Qorvo (QRVO) : Le 05/08/2025, le Président et PDG Robert A. Bruggeworth a réalisé une transaction de Code F liée à la retenue d'impôt, cédant 14 681 actions ordinaires au prix de 85,17 $. Suite à cette transaction, il détient directement 266 095 actions.

Une note jointe précise que depuis la déclaration précédente, 11 707 actions ont été transférées d'un Grantor Retained Annuity Trust (GRAT) à son compte direct, un transfert interne exonéré. Toutes les participations indirectes dans le GRAT sont désormais affichées à 0. Aucun titre dérivé n’a été déclaré.

En résumé, la participation directe du PDG a diminué de 2,9 % net par rapport à son total avant dépôt, mais il conserve une position importante et reste à la fois Directeur et Président/PDG de Qorvo.

Formular 4 Highlights für Qorvo (QRVO): Am 05.08.2025 führte Präsident und CEO Robert A. Bruggeworth eine Code-F-Transaktion im Zusammenhang mit der Steuerabzugsverpflichtung durch und veräußerte 14.681 Stammaktien zu 85,17 $. Nach der Transaktion besitzt er direkt 266.095 Aktien.

Eine beigefügte Anmerkung besagt, dass seit der vorherigen Meldung 11.707 Aktien von einem Grantor Retained Annuity Trust (GRAT) auf sein Direktkonto übertragen wurden, eine steuerfreie interne Übertragung. Alle indirekten GRAT-Beteiligungen werden nun mit 0 angegeben. Es wurden keine Derivate gemeldet.

Zusammenfassend sank der direkte Anteil des CEO netto um 2,9 % gegenüber dem Gesamtbestand vor der Meldung, doch er behält eine bedeutende Eigentümerposition und bleibt sowohl Direktor als auch Präsident/CEO von Qorvo.

0001606909false00016069092025-08-072025-08-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
 
FORM 8-K
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934 
 
Date of Report (Date of earliest event reported): August 7, 2025  
 
PANGAEA LOGISTICS SOLUTIONS LTD.
(Exact Name of Registrant as Specified in Charter)
 
Bermuda001-3679898-1205464
(State or Other Jurisdiction(Commission(IRS Employer
of Incorporation)File Number)Identification No.)
 
c/o Phoenix Bulk Carriers (US) LLC
109 Long Wharf, Newport, Rhode Island 02840
(Address of Principal Executive Offices) (Zip Code)
 
(401) 846-7790
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of exchange on which registered
Common StockPANLNasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 



Item 2.02Results of Operations and Financial Condition.

On August 7, 2025, the Company issued a press release announcing financial results for the three months ended June 30, 2025. The press release is furnished as Exhibit 99.1, and the Quarterly Investor Presentation is furnished as Exhibit 99.2.
 
The information contained in, or incorporated into, this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in any such filing.

Item 9.01Financial Statements and Exhibits.
 
(d)Exhibits
ExhibitDescription
 
99.1    August 7, 2025 press release entitled "Pangaea Logistics Solutions Ltd. Reports Second Quarter 2025 Financial Results" (furnished pursuant to Item 2.02)

99.2    Q2 2025 Investor Presentation of Pangaea Logistics Solutions Ltd. dated August 7, 2025

104    Cover Page Interactive Data File ( embedded within Inline XBRL document)





SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated: August 7, 2025
 PANGAEA LOGISTICS SOLUTIONS LTD.
  
 By: /s/ Gianni Del Signore
  Name: Gianni Del Signore
Title: Chief Financial Officer
 
 


FAQ

How many Qorvo shares did CEO Robert Bruggeworth sell on 08/05/2025?

He disposed of 14,681 common shares under a tax-withholding (Code F) transaction.

What is the CEO's current Qorvo shareholding after the Form 4 filing?

Bruggeworth now directly owns 266,095 QRVO shares; no indirect holdings remain in the GRAT.

Was the sale an open-market transaction?

No. Code F indicates shares were withheld by the issuer to cover taxes on vested equity.

Did the CEO transfer shares from a trust?

Yes. 11,707 shares moved from a Grantor Retained Annuity Trust to direct ownership, an exempt transfer.

Does this filing suggest negative sentiment from management?

The disposition appears tax-related rather than discretionary selling, so sentiment implications are neutral.
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